(1,2990) The EUR/DOLL confirmed another session of consolidation remaining interior the inside day with 1,3110 – 1,2955 still the levels to follow in the coming hours. Only a daily closing below 1,2955 will confirm a direct extension of the decline toward the 200 days line, still found at 1,2848 if not even 1,2750. The closing was again weak well below the low of the previous session supporting further downside pressure. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Only a move above 1,3080 will postpone further weakness favouring a nice rebound that could go as high as 1,3200 where we find an important down sloping resistance line!! We suggest waiting for an extension of the correction to go short or sell a break below 1,2950!!
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